About OKTO
OKTO is a company based in Lyngby (Denmark) founded in 2019.. OKTO has raised $4.01 million across 3 funding rounds from investors including Rockstart, EMD International and ABB. The company has 11 employees as of November 30, 2024. OKTO offers products and services including Data Collector™, Data Access™, and Asset Monitor™. OKTO operates in a competitive market with competitors including GeoDigital, Trilliant, Volue, Neara and LineVision, among others.
- Headquarter Lyngby, Denmark
- Employees 11 as on 30 Nov, 2024
- Stage Minicorn
-
Sectors
TechnologyEnergy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
$-69.61 K (USD)-176as on Mar 31, 2022
-
EBITDA
$-124.02 K (USD)-218as on Mar 31, 2022
-
Total Equity Funding
$4.01 M (USD)
in 3 rounds
-
Latest Funding Round
-
Investors
Rockstart
& 4 more
-
Employee Count
11
as on Nov 30, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of OKTO
OKTO offers a comprehensive portfolio of products and services, including Data Collector™, Data Access™, and Asset Monitor™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables digital interface for transformers in under ten minutes.
Facilitates links for asset managers and data scientists analysis.
Displays charts for simple asset performance tracking.
Unlock access to complete
Unlock access to complete
Funding Insights of OKTO
OKTO has successfully raised a total of $4.01M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
-
First Round
First Round
(12 Jan 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Seed - OKTO | Valuation | ABB |
|
| Nov, 2022 | Amount | Seed - OKTO | Valuation | Rockstart | |
| Jan, 2021 | Amount | Seed - OKTO | Valuation | Rockstart , Mist Ventures |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OKTO
OKTO has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Rockstart, EMD International and ABB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage startups are accelerated across energy, agrifood, and emerging technologies.
|
Founded Year | Domain | Location | |
|
Elewit is focused on technological solutions for energy transition.
|
Founded Year | Domain | Location | |
|
Early stage investments in deep tech companies are facilitated.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by OKTO
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - OKTO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Okto Comparisons
Competitors of OKTO
OKTO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GeoDigital, Trilliant, Volue, Neara and LineVision, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of 3D data of remote sensor, and spatial intelligence technologies
|
|
| domain | founded_year | HQ Location |
Provider of communication systems and software platforms for smart grid applications
|
|
| domain | founded_year | HQ Location |
Solutions for portfolio and project management are provided.
|
|
| domain | founded_year | HQ Location |
Digital twin solutions for power transmission are developed for utilities.
|
|
| domain | founded_year | HQ Location |
AI-driven optical sensor solutions for grid network monitoring are provided.
|
|
| domain | founded_year | HQ Location |
Provider of data-driven energy management solutions
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Okto
Frequently Asked Questions about OKTO
When was OKTO founded?
OKTO was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is OKTO located?
OKTO is headquartered in Lyngby, Denmark. It is registered at Lyngby, Region Hovedstaden, Denmark.
Is OKTO a funded company?
OKTO is a funded company, having raised a total of $4.01M across 3 funding rounds to date. The company's 1st funding round was a Seed of $851.7K, raised on Jan 12, 2021.
How many employees does OKTO have?
As of Nov 30, 2024, the latest employee count at OKTO is 11.
What does OKTO do?
OKTO was founded in 2019 in Lyngby, Denmark, as an online platform focused on grid network monitoring within the energy sector. Transformer sensing technology is utilized to support asset monitoring, detection of transformer saturation, and load management. Operations center on improving grid efficiency through data-driven insights, with services delivered digitally to utilities and network operators across Europe.
Who are the top competitors of OKTO?
OKTO's top competitors include GeoDigital, Neara and envelio.
What products or services does OKTO offer?
OKTO offers Data Collector™, Data Access™, and Asset Monitor™.
Who are OKTO's investors?
OKTO has 5 investors. Key investors include Rockstart, EMD International, ABB, Elewit, and Mist Ventures.
What is OKTO's valuation?
The valuation of OKTO is $7.07M as of Nov 2022.